hernandezmar82
Answered

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What is the simple interest on $360 borrowed for 30 months at 12.3%?

PLEASE SHOW HOW YOU SOLVEDIT!!! :D

Sagot :

Americanoo

Answer:

$110.70

Step-by-step explanation:

I=PRT

P (principal)=360

R(rate)=12.3%

T(time)=30 months (2 and half years)

I=360*12.3%*2.5

=$110.70

Just to note 12.3% is also 0.123 we sometimes change it into a decimal.

$110.70 is the answer good luck!
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